OCM Xb CBL-E Holdings sold 1,000,000 shares (1.00M) of CBL at $30.40; stake reduced to 2,983,967 shares (2.98M), down 25.1% in holdings.
A 10% owner divested 1,000,000 shares on 2024-12-05 in a substantial transaction worth $30,400,000.00, reducing their holdings by 25.1% to 2,983,967 shares. The transaction occurred near the 52-week high of $31.75, with the sale price of $30.40 just 1.6% below that peak, and follows a 30-day rally of 13.2% and a 90-day advance of 21.6%. The company trades at a P/E of 29.21 against recent quarterly revenue of $125,089,000.00 and net income of $16,198,000.00, though annual revenue growth stands at -4.9%, indicating declining top-line performance. The timing and scale of this reduction merit investor attention, particularly given the valuation environment and the sharp recent price appreciation into which the sale was executed.